World Coin of the Week : The Treaty of Waitangi Proof Set

By Kent Ponterio, Senior Numismatist and Consignment Director

Stack’s Bowers Ponterio is pleased to present an impressive Gem New Zealand Waitangi Proof set as part of our official auction for the American Numismatic Association’s 2012 World’s Fair of Money to be held in Philadelphia, August  2-12, 2012

The treaty of Waitangi was a land ownership agreement between the British crown and various Maori chiefs. The Treaty recognized a British Governor over New Zealand, while at the same time recognizing Maori ownership of their land. The treaty was first signed in 1840 and as each of the chiefs signed they would state “He iwi tahi tatou” or “We are now one people”. In total 150 chiefs were in attendance, including several women. Some chiefs would sign by drawing a picture that represented the tattoos present on their chins, which were distinctive to each chief. The crown from this classic numismatic set commemorates this historic event. The description of the set follows: New Zealand “Waitangi” Proof Set 1935. KM-PS3. Mintage of only 364 sets. Overall the set is very attractive and evenly matched in terms of grade and eye appeal, homogeneous in toning where the coins complement one another nicely. The set is accompanied by the original box of issue, where clearly the pieces were kept for many years to tone in this manner. The set has been certified and graded by NGC PF65-66.